The Indian fashion retail industry remains hopeful of demand recovery from Q3 FY25 onwards led by the festive season, according to ICRA.
In a recent report, ICRA said while network expansion shall aid revenue growth of around 14-15 per cent in FY25 for entities in its sample set, the operating profit margin shall remain range-bound at 13-14 per cent.
ICRA’s outlook on the sector is stable.The Indian fashion retail industry remains hopeful of demand recovery from Q3 FY25 onwards led by the festive season, according to ICRA.
In a recent report, ICRA said while network expansion shall aid revenue growth of around 14-15 per cent in FY25 for entities in its sample set, the operating profit margin shall remain range-bound at 13-14 per cent.
ICRA’s outlook on the sector is stable.
